Image copyright Reuters The pound has fallen sharply after the UK election resulted in a hung parliament. Sterling’s value had dropped overnight, and as trading got underway in London it slipped further, standing 2% lower at about $1.27, with markets worried about continued political uncertainty. Against the euro, the pound was down 1.7% at 1.1350. [...]

Media captionLabour leader Jeremy Corbyn: “I’m very, very proud of the campaign my party has run” Jeremy Corbyn has called on Theresa May to resign as election results point to a hung Parliament. Speaking following his re-election as the MP for Islington North, the Labour leader said people had voted “for hope for the future”. [...]

Media captionTheresa May says the UK needs a period of stability The UK has woken up to a hung parliament with the Conservatives as the largest party, after the general election produced no overall winner. With nearly all results in, Theresa May faces ending up with 12 fewer seats than when she called the election. [...]